Bowie Resource Partners Announces Reductions at Bowie #2 Mine

Oct 29, 2014, 18:00 ET from Bowie Resource Partners, LLC

LOUISVILLE, Ky., Oct. 29, 2014 /PRNewswire/ -- Bowie Resource Partners, LLC ("BRP") announced today that its wholly owned subsidiary, Bowie Resources, LLC ("Bowie"), would be scaling back production at the Bowie #2 mine near Paonia, Colorado, in response to the termination of its coal supply agreement with the Tennessee Valley Authority and continued weakness in coal demand in the region. In keeping with this market-driven decision, Bowie eliminated a total of 150 jobs at the mine.

"We regret the need to take this difficult action," said Gene E. DiClaudio, Chief Operating Officer.  "We want to thank the hardworking employees at Bowie #2 for their dedication and their strong commitment to running a safe and productive operation.  We hope to retain as many of these valued members of the Bowie team as we can – and plan to offer positions at BRP's other mining operations to as many affected employees as possible."

"Although we are reducing production at Bowie #2 at this time, we believe there may be opportunities for Colorado coal in the future – both here at home and in the global marketplace," said DiClaudio. 

Bowie will provide affected employees with sixty (60) days of wages and benefits in addition to a severance package. Relocation assistance will also be available to Bowie #2 employees who fill open company positions at other BRP mines.

BRP owns and operates three (3) underground coal mines in Utah and one (1) underground coal mine in Colorado and is the leading western bituminous coal producer, with 17 million tons of coal sales expected for the 2014 calendar year.   

SOURCE Bowie Resource Partners, LLC